Quote:
Originally Posted by hi-revs
Well, that's fucking depressing, ain't it? Trading a 10yo home for one thats 80+.
Dont know what to do! Another million bucks in my back pocket would surely help
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It doesn't matter how old the house is, but rather whether its worth your time fixing/updating based on your budget. Once you figure out your timeline for reno and budget, everything else can be narrowed down.
For me, it must have a rental suite, 3 bed up, standard 4000 sq ft lot for room on future build or laneway and of course location. Bonuses would be a nice deck, back yard, garage/carport. If the seller never mentioned if anything in the house was updated, I always assume everything needs to be replaced so I would always factor that into my budget.
Flip side is that yes you will always have things to do or fix on a older home no matter what. For me I keep on top of preventative maintenance but for others, I can see they just want to move in, not worry about anything except mowing the lawn.